Warning: fopen(/usr/local/apache/www/peakoilinthenews.com/htdocs/counts/total) [function.fopen]: failed to open stream: No such file or directory in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: flock() expects parameter 1 to be resource, boolean given in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: fwrite(): supplied argument is not a valid stream resource in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: flock() expects parameter 1 to be resource, boolean given in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: fclose(): supplied argument is not a valid stream resource in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: fopen(/usr/local/apache/www/peakoilinthenews.com/htdocs/counts/ 2006 08 30.htm) [function.fopen]: failed to open stream: No such file or directory in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: flock() expects parameter 1 to be resource, boolean given in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: fwrite(): supplied argument is not a valid stream resource in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: flock() expects parameter 1 to be resource, boolean given in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18

Warning: fclose(): supplied argument is not a valid stream resource in /usr/local/www/peakoilinthenews.com/2006/08/30.htm on line 18
Peak Oil In The News

AboutPrevious NewsCurrent NewsLinks
Alternative EnergyBio DieselGlobal warmingPeak OilSolar EnergyWind Power

Peak Oil News Wednesday August 30th 2006

Absence of an ill wind blows some good
Global warming's failure so far to produce a repeat of last year's serial hurricane assault and battery of the oil-rich Gulf of Mexico is the swing factor in the suddenly soft price of oil. A year ago today, New Orleans was inundated by floodwater, and oil refineries on the Gulf coast and rigs and platforms offshore were shut and damaged after the assault of hurricane Katrina, one of a record 15 hurricanes and 28 named storms that year in the Atlantic Basin. There were four highest-level category 5 hurricanes in the Atlantic Basin in 2005 - Emily, Katrina, Rita, and Wilma - and Wilma, Rita and Katrina were the most intense and third and fourth most intense ever.

An American view: Looking for a miracle
"As an American who has deeply loved my country and hardly recognizes it any more, I have always striven in these columns to try to give my Canadian audience a good idea of the motivations behind why Americans do the things they do, think the way they think and talk the way they talk. I feel that at times I have pulled my punches. Even so, I have been accused of spreading hate. It even happened during my meeting with some Canadian acquaintances in a fish and chips shack in Victoria this summer. I was explaining why so many Americans buy into the myths of American history and culture (the “Cult of America” that I talk about from time to time) and how seemingly innocent beliefs can have widespread and very bloody repercussions down the line."

Commentary: Peak Oil and the Fall of the Soviet Union
After over 70 years in power, the mighty Soviet Empire unexpectedly vanished overnight and almost the entire communist tradition there dissolved. Was the cause of this cataclysmic collapse really the result of communist inefficiency and U.S. president Ronald Reagan’s Cold War military build up? Or was there an oil crisis that shocked the Soviet system? Or if Marxist-Leninist communism was so inefficient, then why did it last for over 70 years, through World War II and early Cold War tensions that were arguably also strong enough to have toppled it?

End of an era
Global demand for oil will one day overtake our ability to produce it cheaply, and prices will skyrocket as half the world's easily extractable oil is gone. But when? A growing number think soon - if it hasn't already happened. Since oil was discovered at Dhahran, near the Persian Gulf, in 1938, the small oasis has become a modern city, complete with the sleek headquarters of the Saudi Aramco national oil company. For the Western oil workers who live there - most of them American or British - life is good in the Dhahran Hills, where homes in the suburban enclaves are made of brick or fieldstone. Despite the desert heat, the gardens blossom with large shade trees, flowering bougainvillea and oleander. There are bike paths, a 27-hole golf course, a rugby field and horse stables